Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it
meets all of the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, duly
authorized, in the City of Boston, and The Commonwealth of Massachusetts, on the 22nd day of January, 2013.

Putnam Funds Trust

By: /s/ Jonathan S. Horwitz, Executive Vice President,

Principal Executive Officer, and Compliance Liaison

Pursuant to the requirements of the Securities Act of 1933, this Amendment to the Registration
Statement of Putnam Funds Trust has been signed below by the following persons in the capacities and on the dates indicated:

Signature

Title

Jameson A. Baxter *

Chair, Board of Trustees

Robert L. Reynolds*

President and Trustee

Jonathan S. Horwitz*

Executive Vice President, Principal Executive Officer, and

Compliance Liaison

Steven D. Krichmar*

Vice President and Principal Financial Officer

Janet C. Smith*

Vice President Principal Accounting Officer, and

Assistant Treasurer

Liaquat Ahamed*

Trustee

Ravi Akhoury*

Trustee

Barbara M. Baumann*

Trustee

Charles B. Curtis*

Trustee

Robert J. Darretta*

Trustee

Katinka Domotorffy*

Trustee

John A. Hill*

Trustee

C-1

Paul L. Joskow*

Trustee

Elizabeth T. Kennan*

Trustee

Kenneth R. Leibler*

Trustee

Robert E. Patterson*

Trustee

George Putnam, III*

Trustee

W. Thomas Stephens*

Trustee

By: /s/ Jonathan S. Horwitz, as Attorney-in-Fact

January 22, 2013

*

Signed pursuant to power of attorney filed in Post-Effective Amendment No. 150 to the Registrants Registration Statement filed on September 28, 2012.

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EXHIBIT INDEX

XBRL Instance Document

Ex-101.ins

XBRL Taxonomy Extension Schema Document

Ex-101.sch

XBRL Taxonomy Extension Calculation Linkbase Document

Ex-101.cal

XBRL Taxonomy Extension Labels Linkbase

Ex-101.lab

XBRL Taxonomy Extension Presentation Linkbase Document

Ex-101.pre

XBRL Taxonomy Extension Definition Linkbase

Ex-101.def

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EX-101.INS
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<b>PUTNAM GLOBAL INDUSTRIALS FUND</b><b>Goal</b><b>Fees and expenses</b><b>Shareholder fees</b> (fees paid directly from your investment)<b>Annual fund operating expenses</b><br />(expenses you pay each year as a percentage of the value of your investment)<b>Example</b><b>Portfolio turnover</b><b>Investments</b><b>Risks</b><b>PUTNAM GLOBAL TECHNOLOGY FUND</b>It is important to understand that you can lose money by investing in the fund.<br /><br />The prices of stocks in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including both general financial market conditions and factors related to a specific company or industry. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies. Industrial products, services and equipment industries may be affected by economic trends, commodity prices, technological obsolescence, labor relations, legislation, worldwide competition and liability for environmental damage. Our policy of concentrating on a limited group of industries and the fund's "non-diversified" status, which means the fund has the ability to invest a greater percentage of its assets in fewer issuers than a "diversified fund," can increase the fund's vulnerability to adverse developments affecting a single industry or issuer, which may result in greater losses and volatility for the fund. The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation or deflation), and may be illiquid. Our use of derivatives may increase these risks by increasing investment exposure or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. Our use of short selling may result in losses if the securities appreciate in value.<br /><br />The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.<b>Goal</b><b>Performance</b><b>Fees and expenses</b><b>Shareholder fees </b> (fees paid directly from your investment)<b>Annual fund operating expenses</b><br/>(expenses you pay each year as a percentage of the value of your investment)<b>Annual total returns for class A shares before sales charges</b><b>Example</b><table style="BORDER-BOTTOM: 0px; BORDER-LEFT: 0px; BORDER-TOP: 0px; BORDER-RIGHT: 0px" cellspacing="0" cellpadding="0" width="100%"><tr> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Year-to-date<br/>performance<br/><b>through 9/30/12</b> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"></p></td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%">15.00%</td> <td width="40%"></td> <td width="35%"></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Best calendar<br/>quarter<br/><b>Q2 2009</b> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"></p></td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%">21.43%</td> <td width="40%"></td> <td width="35%"></td></tr> <tr> <td width="20%">Worst calendar<br/>quarter<br/><b>Q3 2011</b></td> <td width="8%">-28.22%</td></tr></table><b>Portfolio turnover</b><b>Average annual total returns after sales charges</b><br />(for periods ending 12/31/11)The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund's shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund's turnover rate in the most recent fiscal year was 45%.<b>Investments</b><b>Risks</b>It is important to understand that you can lose money by investing in the fund.<br/><br/>The prices of stocks in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including both general financial market conditions and factors related to a specific company or industry. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies. The technology industries may be affected by technological obsolescence, short product cycles, falling prices and profits, competitive pressures and general market conditions. Our policy of concentrating on a limited group of industries and the fund's "non-diversified" status, which means the fund has the ability to invest a greater percentage of its assets in fewer issuers than a "diversified fund," can increase the fund's vulnerability to adverse developments affecting a single industry or issuer, which may result in greater losses and volatility for the fund. The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation or deflation), and may be illiquid. Our use of derivatives may increase these risks by increasing investment exposure or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. Our use of short selling may result in losses if the securities appreciate in value.<br/><br/>The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.<b>Performance</b>12/30/20131.53The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com.<div style="sans-serif"><table><tr><td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Year-to-date<br/>performance<br/><b>through 9/30/12</b> <p style="margin-top:6px;margin-bottom:0px"></p></td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%"> 17.33%</td><td width="40%"></td><td width="35%"></td> </tr> <tr><td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Best calendar<br/>quarter<br/><b>Q2 2009</b> <p style="margin-top:6px;margin-bottom:0px"></p></td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%">21.85%</td><td width="40%"></td><td width="35%"></td> </tr> <tr><td width="20%">Worst calendar<br/>quarter<br/><b>Q2 2010</b></td> <td width="8%">-11.26%</td><td width="40%"></td><td width="35%"></td> </tr></table></div><div style="display:none">~ http://www.putnam.com/role/ScheduleAnnualTotalReturnsPutnamGlobalConsumerFundBarChart column period compact * ~</div>
For this non-diversified fund concentrating in the industrial products, services or equipment industries, we invest mainly in common stocks (growth or value stocks or both) of large and midsize companies worldwide that we believe have favorable investment potential.<b>Annual total returns for class A shares before sales charges</b><div style="display:none">~ http://www.putnam.com/role/ScheduleShareholderFeesPutnamRetirementIncomeFundLifestyle2 column period compact * ~</div><div style="display:none">~ http://www.putnam.com/role/ScheduleAnnualFundOperatingExpensesPutnamRetirementIncomeFundLifestyle2 column period compact * ~</div>It is important to understand that you can lose money by investing in the fund.<b>Average annual total returns after sales charges</b><br/>(for periods ending 12/31/11)Our policy of concentrating on a limited group of industries and the fund's "non-diversified" status, which means the fund has the ability to invest a greater percentage of its assets in fewer issuers than a "diversified fund," can increase the fund's vulnerability to adverse developments affecting a single industry or issuer, which may result in greater losses and volatility for the fund.An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.12/30/2013The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time.The bar chart does not reflect the impact of sales charges. If it did, performance would be lower.50000Please remember that past performance is not necessarily an indication of future results.0.45It is important to understand that you can lose money by investing in the fund.Putnam Global Consumer Fund seeks capital appreciation.Our policy of concentrating on a limited group of industries and the fund's "non-diversified" status, which means the fund has the ability to invest a greater percentage of its assets in fewer issuers than a "diversified fund," can increase the fund's vulnerability to adverse developments affecting a single industry or issuer, which may result in greater losses and volatility for the fund.An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.putnam.comThe following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund&#8217;s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time.After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;s performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com.The bar chart does not reflect the impact of sales charges. If it did, performance would be lower.After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.Actual after-tax returns depend on an investor's tax situation and may differ from those shown.putnam.comAfter-tax returns are shown for class A shares only and will vary for other classes.Please remember that past performance is not necessarily an indication of future results.After-tax returns are shown for class A shares only and will vary for other classes.After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.Actual after-tax returns depend on an investor's tax situation and may differ from those shown.You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 57 of the fund's prospectus and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).0.00640.00640.00640.00640.00640.00640.00250.010.010.0050.00750.01060.01060.01060.01060.01060.01060.01950.0270.0270.02450.022<b>Fund summary</b>0.017<b>Goal</b>-0.0054-0.0054-0.0054-0.0054-0.0054-0.0054<div style="display:none">~ http://www.putnam.com/role/ScheduleShareholderFeesPutnamGlobalTechnologyFund column period compact * ~</div>
Putnam Retirement Income Fund Lifestyle 2 seeks current income consistent with what Putnam Investment Management, LLC believes to be prudent risk.0.01410.02160.02160.01910.01660.0116<div style="display:none">~ http://www.putnam.com/role/ScheduleShareholderFeesPutnamGlobalFinancialFund column period compact * ~</div><div style="display:none">~ http://www.putnam.com/role/ScheduleAnnualFundOperatingExpensesPutnamGlobalFinancialFund column period compact * ~</div><div style="display:none">~ http://www.putnam.com/role/ScheduleAverageAnnualTotalReturnsTransposedPutnamGlobalFinancialFund column period compact * ~</div><b>Fees and expenses</b>The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in class A shares or $50,000 in class M shares of Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 24 of the fund's prospectus and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).<b>Shareholder fees</b> (fees paid directly from your investment)<div style="display:none">~ http://www.putnam.com/role/ScheduleAnnualFundOperatingExpensesPutnamGlobalTechnologyFund column period compact * ~</div>
<div style="display:none">~ http://www.putnam.com/role/ScheduleExpenseExamplePutnamGlobalTechnologyFund column period compact * ~</div>
0.0575000.035000.010.050.010.006500-0.01-0.01-0.01-0.01-0.01-0.01<b>Annual fund operating expenses</b><br /> (expenses you pay each year as a percentage of the value of your investment)<b>Example</b>The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund's operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.<div style="display:none">~ http://www.putnam.com/role/ScheduleExpenseExampleNoRedemptionPutnamGlobalTechnologyFund column period compact * ~</div>
<b>Portfolio turnover</b>The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund's shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund's turnover rate in the most recent fiscal year was 36%.<b>Investments</b><b>Risks</b>It is important to understand that you can lose money by investing in the fund. There is no guarantee that the fund will provide adequate income at and through an investor's retirement.<br /><br />The fund and the underlying funds bear the following risks. Our allocation of assets among asset classes and the underlying funds may hurt performance. The prices of stocks and bonds may fall or fail to rise over extended periods of time for a variety of reasons, including both general financial market conditions and factors related to a specific issuer or industry. These risks are generally greater for small and midsize companies. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Bond investments are subject to interest rate risk, which means the prices of the fund's bond investments are likely to fall if interest rates rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds which may be considered speculative. Mortgage-backed investments carry the risk that they may increase in value less when interest rates decline and decline in value more when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields. The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments may carry risks associated with potentially less stable economies or governments, such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation or deflation. International investments, particularly emerging-market investments, can be illiquid. Our use of derivatives may increase these risks by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.<br /><br />The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.<br /><br /><b>Investor profile</b><br /><br />The fund is one of a suite of three Putnam Retirement Income Lifestyle Funds designed to offer a choice of potential risk/return profiles for investors in or near retirement or otherwise seeking an investment for use with a periodic withdrawal program. Investors are encouraged to seek the assistance of a financial advisor in selecting a Putnam Retirement Income Lifestyle Fund and in developing a periodic withdrawal program that is appropriate to their personal investment goals and financial circumstances. The fund makes no representations regarding its suitability for any particular investor or periodic withdrawal program. Investors should understand that pursuing higher returns may involve higher volatility and that a fund's performance results may not be sustainable.<b>Performance</b>Performance information will be available after the fund completes a full calendar year of operation.The fund's asset allocation strategy may be attractive to investors who are in or near retirement, or who otherwise intend to make periodic withdrawals of their investment in the near future. Using qualitative analysis and quantitative techniques, we adjust portfolio allocations between fixed-income and equity investments from time to time within a certain range to try to optimize the fund's performance consistent with its goal.<br /><br />The strategic allocation and the range of allowable allocations for the fund are shown below.<br /><br /><div align="left"><table border="0" cellspacing="0" style="width: 1254px;"><tr><td width="33%"></td><td width="33%"></td><td width="33%"></td></tr><tr valign="bottom"><td width="33%" nowrap="nowrap" align="left">Class&nbsp;</td><td width="33%" nowrap="nowrap" align="left">Strategic allocation&nbsp;</td><td width="33%" nowrap="nowrap" align="left">Range&nbsp;</td></tr><tr valign="bottom"><td width="33%" nowrap="nowrap" align="left">&nbsp;</td><td width="33%" nowrap="nowrap" align="left"></td><td width="33%" nowrap="nowrap" align="left"></td></tr><tr valign="bottom"><td width="33%" nowrap="nowrap" align="left">Equity&nbsp;</td><td width="33%" nowrap="nowrap" align="left">30%&nbsp;</td><td width="33%" nowrap="nowrap" align="left">0-40%&nbsp;</td></tr><tr valign="bottom"><td width="33%" nowrap="nowrap" align="left">Fixed-Income&nbsp;</td><td width="33%" nowrap="nowrap" align="left">70%&nbsp;</td><td width="33%" nowrap="nowrap" align="left">60-100%&nbsp;</td></tr></table></div><br /><br />We invest mainly in a combination of bonds and common stocks of U.S. and non-U.S. companies and in Putnam Absolute Return 100 Fund, Putnam Absolute Return 300 Fund, Putnam Absolute Return 500 Fund and Putnam Absolute Return 700 Fund, which are other Putnam mutual funds and referred to as underlying funds. We may invest without limit in bonds that are either investment-grade or below investment-grade in quality (sometimes referred to as "junk bonds") and have short- to long-term maturities. We also invest in other fixed-income securities, such as mortgage-backed investments, and invest in money market securities or affiliated money market or short-term fixed income funds for cash management. We also invest, to a lesser extent, in equity securities (growth or value stocks or both) of companies of any size. We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell fixed-income investments, and, among other factors, a company's valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments.<br /><br />We may also select other investments that do not fall within these asset classes. We may also use to a significant extent derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes.<br /><br />The typical allocation and the range of allowable allocations of the fund's assets in the underlying funds that we currently expect are shown below:<br /><br /><div align="left"><table border="0" cellspacing="0" style="width: 1254px;"><tr><td width="25%"></td><td width="25%"></td><td width="25%"></td><td width="25%"></td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left"></td><td width="25%" nowrap="nowrap" align="left"></td><td width="25%" nowrap="nowrap" align="left"><b></b></td><td width="25%" nowrap="nowrap" align="left"></td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left"></td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td><td width="25%" nowrap="nowrap" align="left">Typical&nbsp;</td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left">Underlying fund&nbsp;</td><td width="25%" nowrap="nowrap" align="left">Permitted investments&nbsp;</td><td width="25%" nowrap="nowrap" align="left">allocation&nbsp;</td><td width="25%" nowrap="nowrap" align="left">Range&nbsp;</td></tr><tr><td width="100%" colspan="4">&nbsp;</td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left">Putnam Absolute Return&nbsp;</td><td width="25%" nowrap="nowrap" align="left">Fixed-income, derivatives&nbsp;</td><td width="25%" nowrap="nowrap" align="left">5%&nbsp;</td><td width="25%" nowrap="nowrap" align="left">0-20%&nbsp;</td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left">100 Fund&nbsp;</td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left">&nbsp;</td><td width="25%" nowrap="nowrap" align="left"></td><td width="25%" nowrap="nowrap" align="left"></td><td width="25%" nowrap="nowrap" align="left"></td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left">Putnam Absolute Return&nbsp;</td><td width="25%" nowrap="nowrap" align="left">Fixed-income, derivatives&nbsp;</td><td width="25%" nowrap="nowrap" align="left">12%&nbsp;</td><td width="25%" nowrap="nowrap" align="left">0-30%&nbsp;</td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left">300 Fund&nbsp;</td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left">&nbsp;</td><td width="25%" nowrap="nowrap" align="left"></td><td width="25%" nowrap="nowrap" align="left"></td><td width="25%" nowrap="nowrap" align="left"></td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left">Putnam Absolute Return&nbsp;</td><td width="25%" nowrap="nowrap" align="left">Equities, fixed-income,&nbsp;</td><td width="25%" nowrap="nowrap" align="left">20%&nbsp;</td><td width="25%" nowrap="nowrap" align="left">0-40%&nbsp;</td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left">500 Fund&nbsp;</td><td width="25%" nowrap="nowrap" align="left">alternative investments,&nbsp;</td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left">&nbsp;</td><td width="25%" nowrap="nowrap" align="left">derivatives&nbsp;</td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left">&nbsp;</td><td width="25%" nowrap="nowrap" align="left"></td><td width="25%" nowrap="nowrap" align="left"></td><td width="25%" nowrap="nowrap" align="left"></td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left">Putnam Absolute Return&nbsp;</td><td width="25%" nowrap="nowrap" align="left">Equities, fixed-income,&nbsp;</td><td width="25%" nowrap="nowrap" align="left">3%&nbsp;</td><td width="25%" nowrap="nowrap" align="left">0-20%&nbsp;</td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left">700 Fund&nbsp;</td><td width="25%" nowrap="nowrap" align="left">alternative investments,&nbsp;</td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td></tr><tr valign="bottom"><td width="25%" nowrap="nowrap" align="left">&nbsp;</td><td width="25%" nowrap="nowrap" align="left">derivatives&nbsp;</td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td><td width="25%" nowrap="nowrap" align="left">&nbsp;</td></tr></table></div><br /><br />For purposes of measuring the fund's allocations to fixed-income and equity investments, we regard Putnam Absolute Return 100 Fund and Putnam Absolute Return 300 Fund as fixed income investments, Putnam Absolute Return 500 Fund as a 50% fixed-income and 50% equity investment, and Putnam Absolute Return 700 Fund as an equity investment. The fund's remaining assets are invested in other securities, as described above.<b>Fund summary</b><strong>Goal</strong>You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in class A shares or $50,000 in class M shares of Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 24 of the fund's prospectus and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).50000December 30, 20130.36It is important to understand that you can lose money by investing in the fund.An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.<b>PUTNAM GLOBAL FINANCIALS FUND</b><b>Goal</b>00.0575<div style="display:none">~ http://www.putnam.com/role/ScheduleAnnualTotalReturnsPutnamGlobalTechnologyFundBarChart column period compact * ~</div>
0Putnam Global Financials Fund seeks capital appreciation.0.03500<b>Fees and expenses </b>The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 57 of the fund's prospectus and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).<b>Shareholder fees</b> (fees paid directly from your investment)<b>Annual fund operating expenses </b><br/>(expenses you pay each year as a percentage of the value of your investment)0.010.050.010.0065<b>Example </b>00After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. <br/><br/>It assumes a 5% return on your investment each year and that the fund's operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.0.04<b>Portfolio turnover </b>Actual after-tax returns depend on an investor's tax situation and may differ from those shown.-0.01-0.01-0.01After-tax returns are shown for class A shares only and will vary for other classes.-0.01-0.01-0.01Putnam Emerging Markets Equity Fund seeks long-term capital appreciation.00Year-to-date performance through0.0325The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund's shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund's turnover rate in the most recent fiscal year was 68%.00<b>Investments</b>2012-09-30<b>PUTNAM GLOBAL TELECOMMUNICATIONS FUND</b>0.163<b>Goal</b>Best calendar quarter<b>Fees and expenses</b>For this non-diversified fund concentrating in the financial industries, we invest mainly in common stocks (growth or value stocks or both) of large and midsize companies worldwide that we believe have favorable investment potential. Potential investments include commercial and investment banks, savings and loan organizations, brokerage and asset management firms, insurance companies and real estate investment trusts and real estate investment and development companies. We may purchase stocks of companies with stock prices that reflect a value lower than that which we place on the company. We also consider other factors that we believe will cause the stock price to rise. We may consider, among other factors, a company's valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. We may also use derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes, and may engage in short sales of securities.0.012010-09-300.05<b>Shareholder fees</b> (fees paid directly from your investment)<b>Risks </b>0.010.004<strong>Fees and expenses</strong>00It is important to understand that you can lose money by investing in the fund. <br /><br />The prices of stocks in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including both general financial market conditions and factors related to a specific company or industry. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies. Financial services companies may be affected by the availability and cost of capital; changes in interest rates, insurance claims activity, industry consolidation and general economic conditions; and reduced profitability from limitations on loans and interest rates and fees charged as a result of extensive government regulations. Our policy of concentrating on a limited group of industries and the fund's "non-diversified" status, which means the fund has the ability to invest a greater percentage of its assets in fewer issuers than a "diversified fund," can increase the fund's vulnerability to adverse developments affecting a single industry or issuer, which may result in greater losses and volatility for the fund. The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation or deflation), and may be illiquid. Our use of derivatives may increase these risks by increasing investment exposure or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. Our use of short selling may result in losses if the securities appreciate in value. <br /><br />The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.<b>Annual fund operating expenses</b><br/>(expenses you pay each year as a percentage of the value of your investment)<b>Performance </b><b>Example</b>The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com.<b>Shareholder fees </b>(fees paid directly from your investment)<b>Portfolio turnover</b><b>Investments</b><b>Risks</b><b>Annual fund operating expenses</b><br/> (expenses you pay each year as a percentage of the value of your investment)<b>Annual total returns for class A Shares before sales charges</b><div style="display:none">~ http://www.putnam.com/role/ScheduleAverageAnnualTotalReturnsTransposedPutnamGlobalTechnologyFund column period compact * ~</div>
<table style="BORDER-BOTTOM: 0px; BORDER-LEFT: 0px; BORDER-TOP: 0px; BORDER-RIGHT: 0px" cellspacing="0" cellpadding="0" width="100%"><tr> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Year-to-date<br/>performance<br/><b>through 9/30/12</b> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"></p></td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%">19.84%</td> <td width="40%"></td> <td width="35%"></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Best calendar<br/>quarter<br/><b>Q3 2010</b> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"></p></td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%">22.02%</td> <td width="40%"></td> <td width="35%"></td></tr> <tr> <td width="20%">Worst calendar<br/>quarter<br/><b>Q1 2009</b></td> <td width="8%">-14.45%</td></tr></table><b>Annual total returns for class A shares before sales charges</b>0.1816<table style="BORDER-BOTTOM: 0px; BORDER-LEFT: 0px; BORDER-TOP: 0px; BORDER-RIGHT: 0px" cellspacing="0" cellpadding="0" width="100%"><tr> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Year-to-date<br/>performance<br/><b>through 9/30/12</b> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"></p></td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%">18.64%</td> <td width="40%"></td> <td width="35%"></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Best calendar<br/>quarter<br/><b>Q2 2009</b> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"></p></td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%">37.18%</td> <td width="40%"></td> <td width="35%"></td></tr> <tr> <td width="20%">Worst calendar<br/>quarter<br/><b>Q3 2011</b></td> <td width="8%">-27.79%</td></tr></table><strong>Example</strong>Worst calendar quarter2011-09-30<b>PUTNAM GLOBAL ENERGY FUND</b>The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. t assumes a 5% return on your investment each year and that the fund's operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.<b>Average annual total returns after sales charges </b><br/>(for periods ending 12/31/11)-0.1543<b>Goal</b><b>Fees and expenses</b><b>Shareholder fees</b> (fees paid directly from your investment)The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. <b>Annual fund operating expenses</b><br/>(expenses you pay each year as a percentage of the value of your investment)<strong>Portfolio turnover</strong><b>Portfolio turnover</b>The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund's shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund's turnover rate in the most recent fiscal year was 89%.<b>Example</b>Please remember that past performance is not necessarily an indication of future results.<b>Performance</b>putnam.com0.0030.0030.0030.0030.003<b>Average annual total returns after sales charges</b><br/>(for periods ending 12/31/11)0.003After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.0.00250.010.010.0050.005<strong>Investments</strong>710719<b>Investments</b>3190.02185370.0218169<b>Risks</b>0.02181180.02180.0218It is important to understand that you can lose money by investing in the fund. <br /><br />The prices of stocks in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including both general financial market conditions and factors related to a specific company or industry. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies. The energy industries may be affected by fluctuations in energy prices, energy conservation, exploration and production spending, government regulations, weather, world events and economic conditions. Our policy of concentrating on a limited group of industries and the fund's "non-diversified" status, which means the fund has the ability to invest a greater percentage of its assets in fewer issuers than a "diversified fund," can increase the fund's vulnerability to adverse developments affecting a single industry or issuer, which may result in greater losses and volatility for the fund. The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation or deflation), and may be illiquid. Our use of derivatives may increase these risks by increasing investment exposure or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. Our use of short selling may result in losses if the securities appreciate in value. <br/><br/>The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.0.02180.0064<strong>Risks</strong>0.00640.00640.00640.00640.0064<b>Annual total returns for class A shares before sales charges</b>The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time.0.00330.00330.0033Our policy of concentrating on a limited group of industries and the fund&#8217;s &#8220;non-diversified&#8221; status, which means the fund has the ability to invest a greater percentage of its assets in fewer issuers than a &#8220;diversified fund,&#8221; can increase the fund&#8217;s vulnerability to adverse developments affecting a single industry or issuer, which may result in greater losses and volatility for the fund.0.00330.0033It is important to understand that you can lose money by investing in the fund. <br /><br />The prices of stocks in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including both general financial market conditions and factors related to a specific company or industry. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies. The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation or deflation), and may be illiquid. Our use of derivatives may increase these risks by increasing investment exposure or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. <br /><br />The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.0.0033<table style="BORDER-BOTTOM: 0px; BORDER-LEFT: 0px; BORDER-TOP: 0px; BORDER-RIGHT: 0px" cellspacing="0" cellpadding="0" width="100%"><tr> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Year-to-date<br/>performance<br/><b>through 9/30/12</b> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"></p></td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%">2.78%</td> <td width="40%"></td> <td width="35%"></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Best calendar<br/>quarter<br/><b>Q3 2010</b> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"></p></td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%">16.92%</td> <td width="40%"></td> <td width="35%"></td></tr> <tr> <td width="20%">Worst calendar<br/>quarter<br/><b>Q3 2011</b></td> <td width="8%">-22.19%</td></tr></table>An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.0.00250.010.010.00750.005110310870.03067870.03811037636<b>Performance</b>4830.03810.03310.0331You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 57 of the fund's prospectus and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).<b>Average annual total returns after sales charges</b><br/>(for periods ending 12/31/11)0.0281500000.0124The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com.0.01240.0124152015820.012413821563<strong>Performance</strong>0.012411300.0124872-0.0203-0.0203-0.0203-0.0203-0.0203-0.0203You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 57 of the fund's prospectus and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).12/30/201350000<b>Annual total returns for class A shares before sales charges</b>0.3812/30/2013267828112992<table style="BORDER-BOTTOM: 0px; BORDER-LEFT: 0px; BORDER-TOP: 0px; BORDER-RIGHT: 0px" cellspacing="0" cellpadding="0" width="100%"><tr> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Year-to-date<br/>performance<br/><b>through 9/30/12</b> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"></p></td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%">9.47%</td> <td width="40%"></td> <td width="35%"></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Best calendar<br/>quarter<br/><b>Q2 2009</b> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"></p></td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%">33.33%</td> <td width="40%"></td> <td width="35%"></td></tr> <tr> <td width="20%">Worst calendar<br/>quarter<br/><b>Q3 2011</b></td> <td width="8%">-30.06%</td></tr></table>0.010329990.02130.017819640.6824920.02880.01780.0128For this non-diversified fund concentrating in the telecommunications industries, we invest mainly in common stocks (growth or value stocks or both) of large and midsize companies worldwide that we believe have favorable investment potential.0.02880.0128It is important to understand that you can lose money by investing in the fund.0.02630.00780.0238An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.It is important to understand that you can lose money by investing in the fund.0.0188Our policy of concentrating on a limited group of industries and the fund's "non-diversified" status, which means the fund has the ability to invest a greater percentage of its assets in fewer issuers than a "diversified fund," can increase the fund's vulnerability to adverse developments affecting a single industry or issuer, which may result in greater losses and volatility for the fund.Our policy of concentrating on a limited group of industries and the fund's "non-diversified" status, which means the fund has the ability to invest a greater percentage of its assets in fewer issuers than a "diversified fund," can increase the fund's vulnerability to adverse developments affecting a single industry or issuer, which may result in greater losses and volatility for the fund.The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time.Year-to-date performance throughAn investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.The bar chart does not reflect the impact of sales charges. If it did, performance would be lower.2012-09-300.0278Please remember that past performance is not necessarily an indication of future results.Best calendar quarter-0.0072The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time.-0.0072-0.00722010-09-30-0.0072-0.00720.1692-0.0072The bar chart does not reflect the impact of sales charges. If it did, performance would be lower.putnam.comWorst calendar quarterAfter-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.Please remember that past performance is not necessarily an indication of future results.0.01412011-09-30Actual after-tax returns depend on an investor's tax situation and may differ from those shown.0.02160.0216-0.22190.0191After-tax returns are shown for class A shares only and will vary for other classes.0.01660.0116<b>Average annual total returns after sales charges</b><br/>(for periods ending 12/31/11)putnam.comAfter-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.Actual after-tax returns depend on an investor's tax situation and may differ from those shown.12/30/2013After-tax returns are shown for class A shares only and will vary for other classes.0.63After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 57 of the fund's prospectus and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).50000It is important to understand that you can lose money by investing in the fund.Year-to-date performance through2012-09-30It is important to understand that you can lose money by investing in the fund.0.1984An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.Best calendar quarter2010-09-30The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time.0.2202Please remember that past performance is not necessarily an indication of future results.Worst calendar quarterThe bar chart does not reflect the impact of sales charges. If it did, performance would be lower.2009-03-31-0.1445After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.Actual after-tax returns depend on an investor's tax situation and may differ from those shown.After-tax returns are shown for class A shares only and will vary for other classes.21921978778713821382You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 57 of the fund's prospectus and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).281129925000012/30/20130.92Year-to-date performance through2012-09-300.1864<b>Fund summaries</b><br/><br/><b>PUTNAM GLOBAL CONSUMER FUND</b>Best calendar quarter<b>Goal</b>2009-06-300.05750<b>Fees and expenses</b>00.03500.37180Worst calendar quarter2011-09-30-0.27790.53490.1051-0.0595-0.01-0.010.0575-0.010-0.01-0.010-0.010.035000.010.050.010.006500710071903190.00650.015370.050.01169118501681281451130801138112482410736741124521127797711278296781591<b>Shareholder fees </b>(fees paid directly from your investment)17711655199214551792<b>Annual fund operating expenses </b><br/>(expenses you pay each year as a percentage of the value of your investment)18251634155112051303949<b>Portfolio turnover</b>The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund's shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund's turnover rate in the most recent fiscal year was 92%.350237513916367834652842299029743153315926612142<b>Example</b><b>Investments</b>For this non-diversified fund concentrating in the consumer staples and consumer discretionary products and services industries, we invest mainly in common stocks (growth or value stocks or both) of large and midsize companies worldwide that we believe have favorable investment potential. Potential investments include companies involved in the manufacture, sale or distribution of consumer staples and consumer discretionary products and services. We may purchase stocks of companies with stock prices that reflect a value lower than that which we place on the company. We also consider other factors that we believe will cause the stock price to rise. We may consider, among other factors, a company's valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. We may also use derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes, and may engage in short sales of securities.<b>Risks</b>It is important to understand that you can lose money by investing in the fund.<br/><br/>The prices of stocks in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including both general financial market conditions and factors related to a specific company or industry. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies. Consumer staples and consumer discretionary products and services industries may be affected by demographic and product trends, competition, economic trends and consumer confidence. Our policy of concentrating on a limited group of industries and the fund's "non-diversified" status, which means the fund has the ability to invest a greater percentage of its assets in fewer issuers than a "diversified fund," can increase the fund's vulnerability to adverse developments affecting a single industry or issuer, which may result in greater losses and volatility for the fund. The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation or deflation), and may be illiquid. Our use of derivatives may increase these risks by increasing investment exposure or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. Our use of short selling may result in losses if the securities appreciate in value.<br/><br/>The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.<b>Performance</b><b>Annual total returns for class A shares before sales charges</b>Year-to-date performance through0.00640.00640.00640.00642012-09-30<table style="BORDER-BOTTOM: 0px; BORDER-LEFT: 0px; BORDER-TOP: 0px; BORDER-RIGHT: 0px" cellspacing="0" cellpadding="0" width="100%"><tr> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Year-to-date<br/>performance<br/><b>through 9/30/12</b> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"></p></td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%">16.30%</td> <td width="40%"></td> <td width="35%"></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Best calendar<br/>quarter<br/><b>Q3 2010</b> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"></p></td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%">18.16%</td> <td width="40%"></td> <td width="35%"></td></tr> <tr> <td width="20%">Worst calendar<br/>quarter<br/><b>Q3 2011</b></td> <td width="8%">-15.43%</td></tr></table>0.00640.00640.1733<b>Average annual total returns after sales charges</b><br/>(for periods ending 12/31/11)0.057500Best calendar quarter0.035002009-06-30<div style="display:none">~ http://www.putnam.com/role/ScheduleExpenseExamplePutnamGlobalEnergyFund column period compact * ~</div>
0.21850.00640.00640.0064Worst calendar quarter0.00640.00250.00640.010.00640.012010-06-300.00750.005-0.11260.010.050.010.0065000.00250.0080.010.010.0080.00750.0080.0050.0080.0080.0080.0119December 30, 20130.01190.01190.01190.01190.01190.01690.02440.02440.02190.0194-0.010.0144-0.01-0.01-0.01-0.01-0.010.890.02080.02830.02830.02580.02330.0183-0.0028You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 14 of the fund's prospectus and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).-0.0028-0.002850000-0.0028-0.0028-0.0028<div style="display:none">~ http://www.putnam.com/role/ScheduleExpenseExampleNoRedemptionPutnamGlobalEnergyFund column period compact * ~</div>
-0.1209-0.0655-0.1115-0.0756-0.0981-0.0622-0.0249-0.0573Restated to reflect current fees.-0.0067-0.00670.0141-0.00670.0216-0.0067It is important to understand that you can lose money by investing in the fund.0.0216-0.0067-0.00670.01910.13410.12810.15280.01660.16040.14960.01160.1661An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.0.1720.1793The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time.2008-12-180.01412008-12-182008-12-182008-12-180.02162008-12-18putnam.com2008-12-182008-12-180.02162008-12-180.01910.0166Please remember that past performance is not necessarily an indication of future results.0.0116181181The bar chart does not reflect the impact of sales charges. If it did, performance would be lower.977977After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.Actual after-tax returns depend on an investor's tax situation and may differ from those shown.After-tax returns are shown for class A shares only and will vary for other classes.Year-to-date performance through179217922012-09-3037510.09473916Best calendar quarter2009-06-300.3333Worst calendar quarter<div style="display:none">~ http://www.putnam.com/role/ScheduleAverageAnnualTotalReturnsTransposedPutnamGlobalEnergyFund column period compact * ~</div>
2011-09-30-0.30062192198248241455145529743153<div style="display:none">~ http://www.putnam.com/role/ScheduleAnnualTotalReturnsPutnamGlobalEnergyFundBarChart column period compact * ~</div>
0.24670.3253-0.1467710719319537169118-0.11360.14652008-12-180.00640.006410510.00640.006410340.00647340.00649855824280.00257100.01Year-to-date performance through7190.013190.0075141553714751690.005127511814592012-09-3010217600.150.0131128Best calendar quarter0.0132436111425690.013814275510630.0132764<div style="display:none">~ http://www.putnam.com/role/ScheduleShareholderFeesPutnamGlobalEnergyFund column period compact * ~</div>
66322420.01351017000.0132009-06-300.2143157116351435161511859280.02190.02940.02940.02690.0244Worst calendar quarter0.019427972929310931152011-09-3026142093-0.2822-0.0078-0.0078-0.0078-0.0078-0.0078-0.00780.01410.02160.02160.01910.01660.0116-0.1956-0.2029-0.1176-0.1931-0.1608-0.1799-0.1485-0.1442-0.0820.10980.09290.08810.11570.12370.11390.12960.13480.1301<div style="display:none">~ http://www.putnam.com/role/ScheduleAnnualFundOperatingExpensesPutnamGlobalEnergyFund column period compact * ~</div>
0.00762008-12-180.00762008-12-182008-12-180.00762008-12-182008-12-180.00762008-12-182008-12-180.00762008-12-182008-12-180.00760.0025<div style="display:none">~ http://www.putnam.com/role/ScheduleExpenseExamplePutnamRetirementIncomeFundLifestyle2 column period compact * ~</div>
0.010.010.00750.0052192192192198148140.0077347340.0070.0070.00714350.00714350.007292931091275127525690.017127550.02460.02460.02210.01460.0196<div style="display:none">~ http://www.putnam.com/role/ScheduleExpenseExampleNoRedemptionPutnamRetirementIncomeFundLifestyle2 column period compact * ~</div>
-0.0018-0.0018-0.0018-0.0018-0.0018-0.00180.0153Putnam Global Technology Fund seeks capital appreciation.0.02280.02280.02030.01780.0128The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund's operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.For this non-diversified fund concentrating in the technology industries, we invest mainly in common stocks (growth or value stocks or both) of large and midsize companies worldwide that we believe have favorable investment potential. Potential investments include companies that have, or will develop, products, processes or services that will provide advances and improvements through technology to consumers, enterprises and governments worldwide. We may purchase stocks of companies with stock prices that reflect a value lower than that which we place on the company. We also consider other factors that we believe will cause the stock price to rise. We may consider, among other factors, a company's valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. We may also use derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes, and may engage in short sales of securities.After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.0.26260.1373-0.0333-0.0889-0.0963-0.0519-0.087-0.0497-0.0716-0.0354-0.031-0.10830.0017-0.1195-0.054-0.1042-0.0914-0.07-0.0562-0.05180.01690.09840.09130.08360.10360.11170.10180.11740.12290.12090.14370.12910.11990.15010.15740.16340.14690.16910.15632008-12-182008-12-182008-12-182008-12-182008-12-182008-12-182008-12-182008-12-182008-12-182008-12-182008-12-182008-12-182008-12-182008-12-182008-12-182008-12-182008-12-182008-12-180.13240.21530.0397-0.0199-0.0259-0.003-0.01810.022-0.00150.0380.04210.00780.10970.10140.09370.1230.11510.11280.13440.12890.07612008-12-182008-12-182008-12-182008-12-182008-12-182008-12-182008-12-182008-12-182008-12-180.33670.244-0.05417107195373191691181150113683610856862192195347757751615167913571357147916581230975275629382896302832063211220127170.0575000.035007107193195371691180.010.050.00650.0100109110757751025624470-0.01-0.01-0.01-0.01-0.01-0.0114961557135715391105847Putnam Global Energy Fund seeks capital appreciation.The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund's operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.262327562938294619032435For this non-diversified fund concentrating in the energy industries, we invest mainly in common stocks (growth or value stocks or both) of large and midsize companies worldwide that we believe have favorable investment potential. Potential investments include companies engaged in the exploration, production, development and refinement of conventional and alternative sources of energy. We may purchase stocks of companies with stock prices that reflect a value lower than that which we place on the company. We also consider other factors that we believe will cause the stock price to rise. We may consider, among other factors, a company's valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. We may also use derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes, and may engage in short sales of securities.The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com.After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.Putnam Global Telecommunications Fund seeks capital appreciation.The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund's operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund's shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund's turnover rate in the most recent fiscal year was 38%.219219For this non-diversified fund concentrating in the telecommunications industries, we invest mainly in common stocks (growth or value stocks or both) of large and midsize companies worldwide that we believe have favorable investment potential. Potential investments include companies that develop, manufacture or sell communications services or communications equipment, and companies that bundle video with communications services. We may purchase stocks of companies with stock prices that reflect a value lower than that which we place on the company. We also consider other factors that we believe will cause the stock price to rise. We may consider, among other factors, a company's valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. <br /><br />We may also use derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes, and may engage in short sales of securities. <br /><br />836836It is important to understand that you can lose money by investing in the fund. <br /><br />The prices of stocks in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including both general financial market conditions and factors related to a specific company or industry. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies. The telecommunications industry may be affected by government regulation, intense competition, equipment incompatibility, changing consumer preferences, technological obsolescence and large capital expenditures and debt burdens. Our policy of concentrating on a limited group of industries and the fund's "non-diversified" status, which means the fund has the ability to invest a greater percentage of its assets in fewer issuers than a "diversified fund," can increase the fund's vulnerability to adverse developments affecting a single industry or issuer, which may result in greater losses and volatility for the fund. The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation or deflation), and may be illiquid. Our use of derivatives may increase these risks by increasing investment exposure or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. Our use of short selling may result in losses if the securities appreciate in value. <br /><br />The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <br /><br />1479147930283206The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com.0.00640.00640.00640.00640.00640.0064After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.0.00250.010.010.00750.0050.010.010.010.010.010.010.01890.02640.02390.02640.02140.33460.01640.0202-0.2036Putnam Global Industrials Fund seeks capital appreciation.-0.0048-0.0048-0.0048-0.0048-0.0048The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund's operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.-0.0048The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund's shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund's turnover rate in the most recent fiscal year was 153%.For this non-diversified fund concentrating in the industrial products, services or equipment industries, we invest mainly in common stocks (growth or value stocks or both) of large and midsize companies worldwide that we believe have favorable investment potential. Potential investments include companies involved in the research, development, manufacture, distribution, supply or sale of industrial products, services or equipment. We may purchase stocks of companies with stock prices that reflect a value lower than that which we place on the company. We also consider other factors that we believe will cause the stock price to rise. We may consider, among other factors, a company's valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. We may also use derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes, and may engage in short sales of securities.0.01410.02160.02160.01910.01660.0116After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.72273133154918113010661049749100059844414341494129414771041780<div style="display:none">~ http://www.putnam.com/role/ScheduleExpenseExampleNoRedemptionPutnamGlobalIndustrialFund column period compact * ~</div>
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The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com.<div style="display:none">~ http://www.putnam.com/role/ScheduleExpenseExampleNoRedemptionPutnamGlobalTelecommunicationFund column period compact * ~</div>
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-0.3061-0.3221-0.1887-0.3017-0.2762-0.2938-0.2657-0.2617-0.1842The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 57 of the fund's prospectus and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).-0.0068-0.0223-0.0107-0.0032-0.00430.0090.00410.01440.0769You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 57 of the fund's prospectus and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).2008-09-292008-09-292008-09-292008-09-292008-09-292008-09-292008-09-29500002008-09-292008-09-29<div style="display:none">~ http://www.putnam.com/role/ScheduleExpenseExamplePUTNAMEMERGINGMARKETSEQUITYFUND column period compact * ~</div>
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We invest mainly in common stocks (growth or value stocks or both) of emerging market companies that we believe have favorable investment potential. For example, we may purchase stocks of companies with stock prices that reflect a value lower than that which we place on the company. We also consider other factors that we believe will cause the stock price to rise.<br/><br/> Emerging markets include countries in the MSCI Emerging Market Index or that we consider to be emerging markets based on our evaluation of their level of economic development or the size and experience of their securities markets. We invest significantly in small and midsize companies. We may consider, among other factors, a company's valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. We may also use derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes.The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund's shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund's turnover rate in the most recent fiscal year was 63%.The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 57 of the fund&#8217;s prospectus and in How to buy shares beginning on page II-1 of the fund&#8217;s statement of additional information (SAI).The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 57 of the fund's prospectus and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).Performance information will be available after the fund completes a full calendar year of operation.For this non-diversified fund concentrating in the consumer staples and consumer discretionary products and services industries, we invest mainly in common stocks (growth or value stocks or both) of large and midsize companies worldwide that we believe have favorable investment potential.-0.01-0.01-0.01-0.01-0.01-0.01The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 14 of the fund's prospectus and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 57 of the fund's prospectus and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).Our policy of concentrating on a limited group of industries and the fund's "non-diversified" status, which means the fund has the ability to invest a greater percentage of its assets in fewer issuers than a "diversified fund," can increase the fund's vulnerability to adverse developments affecting a single industry or issuer, which may result in greater losses and volatility for the fund.For this non-diversified fund concentrating in the energy industries, we invest mainly in common stocks (growth or value stocks or both) of large and midsize companies worldwide that we believe have favorable investment potential.For this non-diversified fund concentrating in the financial industries, we invest mainly in common stocks (growth or value stocks or both) of large and midsize companies worldwide that we believe have favorable investment potential.For this non-diversified fund concentrating in the technology industries, we invest mainly in common stocks (growth or value stocks or both) of large and midsize companies worldwide that we believe have favorable investment potential.The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 57 of the fund's prospectus and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).Applies only to certain redemptions of shares bought with no initial sales charge. This charge is phased out over six years. This charge is eliminated after one year. This fee applies only to shares purchased before 1/2/2013. Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through 12/30/2013. This obligation may be modified or discontinued only with approval of the Board of Trustees. Acquired fund fees and expenses are based on projected net expenses of the underlying funds and assume the fund's typical allocations to the underlying funds described in Investments, risks and performance - Investments and a 4% allocation to Putnam Money Market Fund.Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through December 30, 2013. This obligation may be modified or discontinued only with approval of the Board of Trustees.Management fees are subject to a performance adjustment. Restated to reflect current fees. Reflects Putnam Investment Management, LLC's contractual obligations to certain limit fund expenses through December 30, 2013. This obligation may be modified or discontinued only with approval of the Board of Trustees. Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through 12/30/2013. This obligation may be modified or discontinued only with approval of the Board of Trustees.Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through 12/30/2013. This obligation may be modified or discontinued only with approval of the Board of Trustees. EX-101.SCH
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